The US stock market wiped out $2.85 trillion after Liberation Day as tariffs proved costly to both the retail and institutional investors. President Donald Trump reacted to the US stock market crash and said that the economy would only “boom” from hereon. Trump explained that everything was going as planned and the crash was only a minor inconvenience compared to what’s ahead. However, Fitch Ratings provided a warning call citing that the US could be headed for a recession, thanks to tariffs.
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BREAKING: 🇺🇸 $2.85 trillion wiped out from the US stock market today. pic.twitter.com/IbFzw4WSHV
— Watcher.Guru (@WatcherGuru) April 3, 2025
US Stock Market Crash: Donald Trump Reacts
Trump first compared the tariffs to a patient being treated in the hospital by a group of doctors and surgeons. “I think it’s going very well. It was an operation like what a patient gets operated on, and it’s a big thing,” said Trump to reporters. He explained that $7 trillion worth of funds would come through tariffs that would boost the US stock market next.
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“I said this would exactly be the way it is. We have six or $7 trillion coming into our country, and we’ve never seen anything like it. The markets are going to boom, the stock is going to boom, the country is going to boom,” Trump said. According to the President, the US stock market will “boom” once the cash register of tariffs starts ringing.
“The world wants to see, is there any way they can make a deal? They’ve taken advantage of us for many, many years. We’ve been on the wrong side of the ball. And I’ll tell you what, I think it’s going to be unbelievable,” he added, assuring that the US stock market will rise from here.
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After the press conference, Trump took to Truth Social posting messages similarly. “The operation is over! The patient lived and is healing. The prognosis is that the patient will be far stronger, bigger, better, and more resilient than ever before (US stock market). Aka America Great Again!!!”